Business

PETALING JAYA: The fall in oil prices was clearly felt by oil and gas (O&G) companies in the recent results season, where most had to provide for assets that were lower in value based on the latest outlook for the industry and narrowing margins.

PETALING JAYA: Local retail investors are likely to remain on the sidelines this week after staying on the sidelines last week despite foreign institutional investors flocking back to the market last Friday.

KUALA LUMPUR: The Government will make the necessary adjustments to the private-public partnership (PPP) financing model that is routinely used to finance mega projects, said Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

KUALA LUMPUR: C.I. Holdings Bhd’s share price extended its gains on Tuesday after hitting limit-up the previous on expectations of a positive corporate exercise, boosted by the sharp improvement in its financial results.

KUALA LUMPUR: Malaysia's export earnings from furniture products are poised to strengthen further with the country continuing to be among the top 10 exporters globally, said Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas.

KUALA LUMPUR: Mega First Corporation Bhd (MFCB) has signed a shareholders agreement with the Laos power company Electricite du Laos (EDL) and two other parties to regulate their participation in the company developing the hydropower project.

KUALA LUMPUR: Transparency International Malaysia (TI-M) has urged the Government to set up a special high level task force to conduct a full investigation into the numerous allegations of a “massive billion ringgit financial and commercial crime scandal” involving 1Malaysia Development Bhd (1MDB) and “a little-known oil company”.

I had a first-hand experience of excess during my recent visit to Hong Kong. Much as I enjoyed myself going to expensive restaurants and high-end social scenes, I felt this sort of everyday lifestyle was too financially sinful for me and was certainly unnecessary.

KUCHING: Sarawak’s largest developer Naim Holdings Bhd’s recently launched upmarket high-rise residential projects, which are the components of its ambitious billion-ringgit Bintulu Paragon and Kuching Paragon developments, have chalked up sales of over RM50mil despite a slowdown in the property market.

KUALA LUMPUR: Fund buying of Maybank and Public Bank led the FBM KLCI higher on Tuesday as investor sentiment firmed up on the positive key regional markets and also Wall Street strong overnight close.

NEW YORK: In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America.

DETROIT: Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker.

KUALA LUMPUR: Bursa Securities Research has queried CI Holdings Bhd over the recent rise in its share price, which had hit limit-up the previous day and continued to rally in the absence of any fresh news.

KUALA LUMPUR: Mega First Corporation Bhd (MFCB) has signed a shareholders agreement with the Laos power company Electricite du Laos (EDL) and two other parties to regulate their participation in the company developing the hydropower project.

KUALA LUMPUR: Fund buying of Maybank and Public Bank led the FBM KLCI higher on Tuesday as investor sentiment firmed up on the positive key regional markets and also Wall Street strong overnight close.

KUALA LUMPUR: Malaysia's export earnings from furniture products are poised to strengthen further with the country continuing to be among the top 10 exporters globally, said Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas.

KUALA LUMPUR: CIMB Group and Mitsubishi Corporation have launched the Asean Industrial Growth Fund (AIGF), which is a jointly-sponsored southeast Asia-focused private equity fund to be managed by CIMB Private Equity and Mitsubishi.

KUALA LUMPUR: Transparency International Malaysia (TI-M) has urged the Government to set up a special high level task force to conduct a full investigation into the numerous allegations of a “massive billion ringgit financial and commercial crime scandal” involving 1Malaysia Development Bhd (1MDB) and “a little-known oil company”.

KUALA LUMPUR: Nexgram Holdings Bhd's property development arm, Nexgram Land Sdn Bhd, expects a net profit of RM293mil in the next five years via its mixed development projects in Cyberjaya and Putrajaya.

KUALA LUMPUR: Bursa Securities Research has queried CI Holdings Bhd over the recent rise in its share price, which had hit limit-up the previous day and continued to rally in the absence of any fresh news.